data as of
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Funding arb /

ALGO

all ALGO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 13:00 UTC+0.0240%/8h
paid, last 24h+0.014%paid, last 7 days+0.218%to open and close $10k−$84
Long on Kraken FuturesShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ALGOUSD0.1165−0.0140get 0.0018% / 1h29m 45s$1.1M$1.4M50x
ShortOKX ALGO-USDT-SWAP0.11590.0100get 0.0100% / 8h3h 29m$3.0M$10.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$50.4
Slippage, 4 orders
−$63.5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$33.1
Break-even
11.6 days
Slippage from Kraken Futures: live order book, 5 min ago; OKX: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.467%
Avg gap 7d
−0.143%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 5 min ago14.14 bp23.8 bp −$2465.6 bp −$656doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago1.29 bp14.3 bp −$1457.7 bp −$577doesn't fitdoesn't fit

ALGO on 22 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0266%1h$106K$56K25xas long as short
Kraken Futures PF_ALGOUSDlong−0.0140%1h$1.1M$1.4M50x
Coinbase International ALGO-PERP-INTX−0.0048%1h$66K$574K50xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h$21K—150xas long as short
Injective ALGO/USDC PERP+0.0033%1h$806$100K12xas long as short
Hyperliquid ALGO+0.0100%1h$4.0M$3.2M5xas long as short
Aster ALGOUSDT+0.0100%8h$43K$91K5xas long as short
Binance ALGOUSDT+0.0100%8h$10.8M$40.7M75xas long as short
Bybit ALGOUSDT+0.0100%8h$12.0M$13.6M75xas long as short
OKX ALGO-USDT-SWAPshort+0.0100%8h$3.0M$10.5M50x
Show all 22 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h$888K$1.1M50xas long as short
MEXC ALGO_USDT+0.0100%8h$22.2M$4.1M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h$3.8M$1.8M50xas long as short
Bitget ALGOUSDT+0.0100%8h$5.8M$4.2M75xas long as short
BingX ALGO-USDT+0.0100%8h—$3.3M—as long as short
Variational Omni ALGO+0.0100%8h$64K$195K—as long as short
HTX ALGO-USDT+0.0100%8h$68K$120K75xas long as short
Phemex ALGOUSDT+0.0100%8h$4.1M$2.0M50xas long as short
Extended ALGO-USD+0.0104%1h$11K$244K10xas long as short
BloFin ALGO-USDT+0.0220%8h$532K$710K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0241% / S −0.0167%1h$5K—100xas long as short
dYdX ALGO-USD+0.0347%1h$166K$6K5xas long as short